Manulife completes Subordinated Debenture offering

TORONTO, March 10, 2015 /CNW/ - The Manufacturers Life Insurance Company
("MLI"), the Canadian insurance company subsidiary of Manulife
Financial Corporation, has successfully completed its previously
announced offering of $750 million principal amount of subordinated
debentures.

The 2.10% fixed/floating subordinated debentures due June 1, 2025, which
are guaranteed by Manulife Financial Corporation on a subordinated
basis, were issued under a prospectus supplement dated March 5, 2015 to
MLI's short form base shelf prospectus dated December 13, 2013. Details
of the offering are set out in the prospectus supplement which is
available on the SEDAR website for MLI at www.sedar.com. The debentures were offered through a syndicate of dealers co-led by
RBC Capital Markets, BMO Capital Markets and Scotiabank Global Banking
and Markets.

The debentures have not been and will not be registered in the United
States under the United States Securities Act of 1933, as amended (the
"Securities Act"), or the securities laws of any state of the United
States and may not be offered, sold or delivered, directly or
indirectly in the United States or to, or for the account or benefit
of, a "U.S. person" (as defined in Regulation S under the Securities
Act) absent registration or an applicable exemption from such
registration requirements. This press release does not constitute an
offer to sell or a solicitation to buy securities in the United States
and any public offering of the securities in the United States must be
made by means of a prospectus.

About Manulife

Manulife is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. We operate
as John Hancock in the U.S. and as Manulife in other parts of the
world. We provide strong, reliable, trustworthy and forward-thinking
solutions for our customers' significant financial decisions. Our
international network of employees, agents and distribution partners
offers financial protection and wealth management products and services
to millions of clients. We also provide asset management services to
institutional customers. Assets under management by Manulife and its
subsidiaries were approximately C$691 billion (US$595 billion) as at
December 31, 2014.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.